Economists believe that markets generally are efficient

Assignment Help Business Economics
Reference no: EM13994469

Economists believe that markets generally are “efficient.” What does this mean and why do they believe it? Use Consumer Surplus, Producer Surplus, and Total Consumer Surplus to fully answer this question.

Reference no: EM13994469

Questions Cloud

According to the aggregate demand-aggregate supply model : According to the aggregate demand/aggregate supply model, all of the following are effects of increased prices except
Concepts of distance are used in international business : Various concepts of distance are used in international business. Define and explain at least five concepts of distance, and discuss how each might affect bilateral foreign direct investment (FDI) flows between countries.
Explain the concept of liability of foreignness : Explain the concept of liability of foreignness, and discuss how it might affect the balance between the costs and benefits of international diversification.
Prefers to take his automobile to a garage for a tune-up : Why might an economics professor who is good at fixing cars still prefers to take his automobile to a garage for a tune-up? If the same professor decides to get a tutor for his daughter in economics instead of tutoring her himself does the same princ..
Economists believe that markets generally are efficient : Economists believe that markets generally are “efficient.” What does this mean and why do they believe it? Use Consumer Surplus, Producer Surplus, and Total Consumer Surplus to fully answer this question.
Analysis of pricing : Analysis of Pricing: You manage Mt. Claire Café which sells meals at a price of $8.50 each. The meal includes a hot dish and a beverage of your choice. The average number of meals sold per month is 21,000. The owners of Mt. Claire Café would like to ..
Driving laws that restrict economic freedom to drink : Should we have drunk driving laws that restrict economic freedom to drink? Why or why not? Should we have seatbelt laws that restrict economic freedom? Why or why not? Your arguments should be entirely based on economic reasoning.
Environmental consciousness and sustainable practices : Conduct an online search for “green awards” to learn about the various awards programs recognizing environmental consciousness and sustainable practices. Select one that recognized a business for a sustainable marketing practice and develop a brief p..
Weaknesses of marketing research conducted online : Marketing research over the internet has increased significantly in the past decade. Outline and then discuss the strengths and weaknesses of marketing research conducted online with respect for a foreign or domestic airline company of your choice.

Reviews

Write a Review

Business Economics Questions & Answers

  Quinns video shop has provided you with cross-sectional

quinns video shop has provided you with cross-sectional expenditures data from thirty randomly selected customers data

  Why manufacturer guarantees the computer for one year only

Why manufacturer guarantees the computer for one year only. The cost of the extended warranty is $150. Analyze this proposition using the concepts you learned in the module on risk analysis.

  Discuss the information asymmetry the adverse

Discuss the information asymmetry, the adverse selection problem,and why soft selling is a successful signal.

  Alternative ways of helping poor people get housing

Consider three alternative ways of helping poor people get housing: government-subsidized housing costing $6,000 per year, a housing voucher worth $6,000 per year toward rent on an apartment or a house, or $6,000 per year in cash. Which would you pre..

  Market-based health insurance system fails to limit costs

List one way that a market-based health insurance system fails to limit costs. Then, discuss how either the Affordable Care Act or a single-payer system would correct that failure.

  Implementing program of social responsibility

The company you work for recently has committed itself to implementing a program of social responsibility. After the company has gotten the commitment of top executives, planned the program, and appointed a program director, you suggest that a (n) __..

  Illustrate what is the probability that the defense defends

Illustrate what is the probability that the defense defends the right hand side. Explain in words what the expected outcome will be.

  Explain how much is each citizen''s share of the debt

The national debt is now $8,700,000,000,000. If the population of the United States is 300,000,000 what is each citizen's share of this debt? The national debt is rising at the rate of 1.69 billion dollars per day. Explain how much is each citizen..

  Draw donnas budget line

Donna buys goods X and Y. She can just afford the bundle X = 6 and Y = 11. She can also afford X = 12 and Y= 8. Each of these bundles exhausts her income. Draw Donna’s budget line. What is the ratio of the price of x to the price of y?

  Briefly offer an ezplaination that can resolve that dilems

one of your econ classmates is puzzled by how the wealth effect is a reason for not only the downward sloping nature of aggregate demand (AD) schedule, but also for shifts in the AD curve. Briefly offer an ezplaination that can resolve that dilems..

  How you would correct for it within the regression equation

Describe how you would correct for it within the regression equation. What transformation would you apply to the data to account for the trend?

  The electricians union is a good example

The electricians' union is a good example of:

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd